Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Bank & Trust Co

Bank & Trust Co trimmed its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,040 shares of the company’s stock after selling 366 shares during the quarter. Bank & Trust Co’s holdings in Evergy were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new stake in shares of Evergy during the second quarter worth $27,000. Truvestments Capital LLC acquired a new position in Evergy in the 3rd quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its holdings in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Evergy during the 3rd quarter worth about $51,000. Finally, Benjamin Edwards Inc. grew its holdings in shares of Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after buying an additional 277 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Mizuho began coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. Barclays dropped their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company upped their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $64.06.

Evergy Stock Up 0.3 %

Shares of EVRG stock traded up $0.20 on Tuesday, hitting $60.47. The stock had a trading volume of 286,545 shares, compared to its average volume of 1,123,782. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 2.75 and a beta of 0.64. The stock’s 50 day moving average is $62.34 and its 200-day moving average is $59.74.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm earned $1.88 EPS. Evergy’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.42%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s dividend payout ratio is 72.16%.

Evergy Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.